There are several mistakes that the home seller makes... this is the list of some of the more important mistakes sellers make...
MISTAKE #1 -- PLACING THE WRONG PRICE ON YOUR PROPERTY Every seller obviously wants to get the most money for his or her product.
Ironically, the best way to do this is NOT to list your product at an excessively high price! A high listing price will cause some prospective buyers to lose interest before even seeing your property.
Also, it may lead other buyers to expect more than what you have to offer. As a result, overpriced properties tend to take an unusually long time to sell, and they end up being sold at a lower price.
MISTAKE #2 -- MISTAKING RE-FINANCE APPRAISALS FOR THE MARKET VALUE Unfortunately, a re-finance appraisal may have been stated at an untruthfully high price.
Often, lenders estimate the value of your property to be higher than it actually is in order to encourage re-financing.
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